Wednesday, April 03, 2024

 SPY Market Forecast   89.8 Defensive pointing down in the upper zone                 
   0.76   PCALL - 10 day SMA (0.75 - 1.00)               
                      
SPY INTERMEDIATE TERM:  Uptrend- Price above 30 &10 Wk SMA                 
  6-months UP                   
  10-days UP                   
  3-days DOWN                   
                      
Indices                      
UP:     IWM +0.66% ; QQQ +0.22% ; SPY +0.11% ;            
Down:              DIA -0.09%          
                      
  TLT -0.02% at 92.02                 
  VIX -1.92% at 14.33                 
                      
                      
Sectors                      
  7 sectors closed higher led by  XLC +0.79%  and  XLE +0.68%    Lower =  4         
  6           sectors closing above 30d. SMA  and 5   closing below.   
                      
XLC leaders     :    SPOT, WMG, WBD, NFLX                
XLE leaders     :    PSX, VLO, MPC, CNQ                 
XLB leaders     :    WPM, GFI, TECK, SCCO                
                      
Uptrend  XLC, XLE, XLB, XLI, XLK, XLF, XLV                  
Sideways  XLY, XLRE, XLU, XLP                   
Downtrend                      
                      
                      
Breath:                      
NYSE Strengthened  as  Advancers led           1,652    to               1,142  and  Nasdaq   Strengthened  as  Advancers led            2,371    to            1,878       
                      
FANGT Stocks                      
UP:     NFLX ; META ; TSLA ; AMZN ; AAPL ; GOOGL ;         
Down:                 MSFT ; NVDA      
                      
                      
NDX Leaders:                        
50 closing higher  and  50 closing Lower                
SPLK : N/A ;  MU : +4.29% ;  FTNT : +3.59%            
                      
DJIA Leaders:                        
13 closing higher  and  17 closing Lower                
CAT : +3.00% ;  DOW : +1.18% ;  IBM : +1.07%            
                      
SP500 Leaders:                        
275 closing higher  and  225 closing Lower                
PARA : +14.97% ;  GE : +6.70% ;  NRG : +4.97%            
                      
NASDAQ 100                      
                      
Nasdaq Above 30MA    =   49                   
MU, FTNT, WBD, NFLX, META, BKNG, AVGO, QCOM, CDW, SNPS, ODFL, TTWO, FANG, ASML, CDNS, DXCM, MAR, LRCX, CEG, PYPL, AMZN, DASH, BKR, TMUS, AMAT, KLAC, CTAS, GOOG, KDP, ANSS, ADI, GOOGL, CSGP, CPRT, MCHP, FAST, XEL, TXN, KHC, TTD, MSFT, AZN, NVDA, ORLY, MRVL, PCAR, EXC, PEP, AEP
                      
Stocks to watch on    Thursday                   
                      
 Nasdaq100  xsing above30   = 7                  
  FTNT, WBD, SNPS, ODFL, CDNS, MAR, TMUS                 
                      
 Nasdaq100  xsing below30  = 6                  
  ADP, HON, CSCO, PAYX, MRNA, INTC                  
                      
                      
MACD Crossover:                      
Up   3                   
QCOM, ODFL, CEG                      
                      
Down   10                   
IDXX, ANSS, VRTX, AZN, VRSK, PEP, HON, PANW, SIRI, INTC                   
                      

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SPY touched all times high once again and reversed at close

SPY Market Forecast     94.34 Defensive pointing down in the upper zone                        0.6   PCALL - 10 day SMA (0.75 - 1.00)       ...